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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
  • investing 101 -What are the Best Income Generating Assets? Complete Guide
    From the linked web site:
    "MoneyCheck is a fast-growing online publication launched in 2018 with the aim of covering personal finance and investment news.

    Our goal is to simplify and explain in clear language, what can be a confusing jumble of terms and concepts. We hope to provide clear, unbiased facts so people can make up their own mind about important financial decisions."
    Being curious and using same to gather knowledge about investments; I'll periodically "bite" at a title that pronounces "Complete Guide". One never knows about a new and undiscovered individual who may actually be qualified in a subject area; and with the rare gift of presenting subject information in a clear and defined manner. When such articles are discovered here and elsewhere, at a minimum, I pass these along to friends and family to help provide for continuing financial educational purposes.
    BUT, I'm not quite sure what is going on with this "financial" write. Complete isn't a qualifying word with this. Periodically, one discovers some common terms for a U.S. marketplace, such as; CD's, 401k/403b, etf tickers, etc. As Mr. Oliver is an online media company owner, it is not clear whether he or a contributor wrote this article; nor to what are his or others qualifications to discuss some of the information provided. Or whether any number of the publications are for the sake of only generating revenue from site hits and clicks to other pages. While there is some valid info in the article, I don't find "complete" and if there is a click link to another page; I won't be traveling there.
    A few of the head scratchers for me, from the article:
    --- You might already own a 401(k) or IRA through your employer. However, you’ll only gain access to this cash when you turn 59.5-years old. If you have to draw down on your account before this date, you’ll end up paying penalties and fees on any money you withdraw.
    >>> Well, yes and no. Ready cash for immediate needs = yes; as loans may be available from a 401k.
    --- Visit your bank and open a Certificate of Deposit (CD) instead. Banks are always looking for more capital. By taking a CD with a bank, you agree to pay them a fixed amount every month in return for interest on your money.
    >>> I must be out of the loop of knowledge for CD's as I don't know what, "agree to pay them a fixed amount every month", means.
    --- Bonds are another attractive savings vehicle for long-term growth. Bonds couple interest earnings to the Federal Funds Rate, and you earn coupon payments on your principal investment. However, while relationships are a stable and liquid investment, they don’t offer much in the way of returns. At the moment, you can expect a yield of 1.75%, and if interest rates drop, then your profits do as well.
    >>> Huh ???....." and if interest rates drop, then your profits do as well." Well, I think I know what he is trying to portray; but this would confuse the hell for most folks as to the relationship between bond yield movements and pricing to cause a profit or not.
    Apparently, the writer hasn't kept up with U.S. bond funds returns for 2019, YTD.
    --- Oliver Dale is Editor-in-Chief
    of MoneyCheck and founder of Kooc Media Ltd, A UK-Based Online Publishing company. A Technology Entrepreneur with over 15 years of professional experience in Investing and UK Business.His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More.He built Money Check to bring the highest level of education about personal finance to the general public with clear and unbiased reporting.[email protected]

    --- Oliver Dale is Editor-in-Chief
    of GardenBeast and founder of Kooc Media Ltd, A UK-Based Online Publishing company. He has had a love of gardening for many years now and spends the spring to autumn months working on his own garden where he carries out one large project each year ( this year was decking & patio area ).
    Oliver oversees the day to day running of the website & publication of our articles.
    IMHO, the article offers a few decent things to think about for some folks (considerations for owning a home), is very confusing in areas noted above and doesn't qualify as Investing 101, and COMPLETE is, well..............NOT even close, eh? Does Mr. Dale or others provide a peer review of the information before publishing?
    Not an article I will pass forward to others; and I don't understand why this link/article found its way to this site.
    Lastly, I don't plan to visit their GardenBeast site.
    My 2 cents worth and Take care,
    Catch
  • investing 101 -What are the Best Income Generating Assets? Complete Guide
    https://moneycheck.com/income-producing-assets/
    What are the Best Income Generating Assets? Complete Guide
    You might have already heard the phrase, “rich people don’t work for money, they have their money work for them.”
  • Royce boldly goes ... well, nowhere, really.
    Royce has gone from 34.32 billion in total assets in 2010 to 9.01 billion now per Morningstar, but even worse is Third Ave funds which had 10.53 billion in total assets in 2010 to 1.83 billion now. Massive drops indeed.
  • Royce boldly goes ... well, nowhere, really.
    Royce & Associates has just announced a bold rebranding strategy. It "better describes the breadth of the firm's business and the importance it places on the spirit of partnership with which the company has always conducted itself ... it better represent[s] to all of our constituents who we are now as a firm ... it better represent[s] the range of our strategies." With a boldness surely inspired by their be-bowtied, soon-to-be-octagenarian founder, Royce and Associates has become ...
    Royce Investment Partners!
    Ta da!
    Uhhh ... R.I.P.? Was that an inspired choice for a firm who's seen assets decline 17% in the past 12 months and 75% in the decade?
    Here's the 12 year correlation between their flagship Pennsylvania Mutual (PENNX) fund and the 11 next-oldest funds in their lineup:
    0.99%
    0.95
    0.98
    0.96
    0.99
    0.98
    0.96
    0.96
    0.94
    0.95
    0.95
    And that's after liquidating much of the sea of clones they launched after Legg Mason bought them.
    I got a heads up about the change from a reader, Brett Schneider, who concludes, "The joke writes itself. RIP."
    David
  • Find a good Site to observe 2008 fund results
    The legacy pages of M* still let you do that.
    Here's the link for the performance page of VFIAX. In Enter Tickers box of the Compare section, you can enter the tickers of the funds or ETFs that you want to compare. While the graph only goes back ten years, the table of returns ("Trailing Total Returns") has exactly the columns you asked for: annualized returns over 1,3,5,10, and 15 years.
    http://performance.morningstar.com/fund/performance-return.action?t=VFIAX&region=usa&culture=en-US
  • Find a good Site to observe 2008 fund results
    Is there a site that you can compare 5 funds or etfs 1,3,5, 10, and going out to 15 years annualized returns?
  • Best and worst commodity etf
    https://www.etf.com/sections/features-and-news/best-worst-performing-commodity-etfs?nopaging=1
    Best and worst commodity etf
    In a year in which financial assets across the board have surged, commodities haven’t been left out.
  • Mutual Fund Outperforms Using 51-Year-Old Investment Strategy

    LEXCX would be good if it had a lower ER. Sorry, for an essentially unmanaged fund, the ER should be like .15 or less.
  • Mutual Fund Outperforms Using 51-Year-Old Investment Strategy
    Here is a performance chart comparison (see link below) of FDYZX which include other funds that were around in 1968...such as LEXCX, VWINX, VWELX.
    LEXCX would have been a better all stock fund choice. I find that a mutual fund needs a consistent higher upside capture (I'll call this alpha) in order to overcome its periodic downside. LEXCX achieved this "two steps forward...one step back" over the long term much more so that FDYZX has.
    VWINX and VWELX even achieve a better performance ride most of time and with a lot less volatility compared to FDYZX.
    Chart Comparison
  • Mutual Fund Outperforms Using 51-Year-Old Investment Strategy
    https://www.investors.com/etfs-and-funds/mutual-funds/best-mutual-funds-stick-works-franklin-dynatech-fund/
    Mutual Fund Outperforms Using 51-Year-Old Investment Strategy
    PAUL KATZEFF 09:43 AM ET 12/16/2019
    What makes a portfolio one of the best mutual funds? How about sticking with an investment strategy that wins long-term?
    Anyone has this fund
    Franklin DynaTech Fund (FKDNX)?
  • Investors Favor Money Markets Over Stock and Bond Funds: Morningstar
    https://www.thinkadvisor.com/2019/12/16/investors-favor-money-markets-over-stock-and-bond-funds-morningstar/
    Investors Favor Money Markets Over Stock and Bond Funds: Morningstar
    Net inflows data show money funds in the lead for the 12 months ended Nov. 30.
    Money market funds are poised to be the big winner in fund flows for the year
  • The 2009 Effect
    By the way - what is a full market cycle?
    Good question. I’ve seen different definitions and I don’t believe any of them. Hussman claims he understands and that he’s investing based on a full market cycle - and look what’s happened to him. I’d say it’s not something you can measure in years, but rather by major trends and turning points (whatever they are).
    If you want to look at years however, take a look at this performance chart for DODBX. It doesn’t go all the way back to the fund’s birth sometime in the 1920s. But it does give performance for every year beginning in 1961 - which happens to be the year I entered high school. So - I’d assume there’s a complete market cycle in there somewhere.
    https://finance.yahoo.com/quote/DODBX/performance?p=DODBX
    Added: I looked at Investopedia expecting to find the simple (and inadequate) standard definition of a market cycle as: the period during which an equity market travels from “peak” to “trough” and back to a new “peak” again. To their credit, they indicate (as I suggested) that identifying a market cycle is far more complex and difficult. https://www.investopedia.com/terms/m/market_cycles.asp
    -
    @hank- Sounds like a great project for you on a snowy day up in your cabin...:)
    @Old_Joe - Thanks for the suggestion. I was already hard at work compiling all that stuff when BECKMANB posted his great response in the “Find a Good Site to Observe 2008 Fund Results” thread (above) tonight.
    Kinda took the fun out of the evening. But I owe you one none the less. :)
  • Find a good Site to observe 2008 fund results
    +1 @BECKMANB
    I just did that for QVOPX (alternative investment). It pulled up the -22% in 2008 (which I was more/less aware of) and went back even farther. Awesome resource. Who would’ve thunk Yahoo?
    When buying a new fund, there are many metrics to consider. But for a real stress test that 2008 figure is worth taking a good hard look at.
  • BUY.....SELL......PONDER December 2019
    MikeM,
    So, is China nothing....but just like 15 years ago? Would you say cars from 15 years ago are the same today? Move on, bro. You're behind. If it's not all that, then why is our government so worried?
    God bless
    the Pudd
  • BUY.....SELL......PONDER December 2019
    ...I am looking to Asia/China. It's where the future is...
    Hmm, very reminiscent of what I heard 15+ years ago on this board. And my reply then, not in our life time.
  • The 2009 Effect
    My wife and I opened Roth IRAs at the end of 1998, at Fidelity. At that time. we only invested in mutual funds. We figured on a long time frame so I wasn't worried about volatility. I told her "here are the two best Fidelity funds -- Select Electronics and Select Home Finance. Which do you want."
    She said "I want the very best one."
    So we put her $2000 in FSELX. (2K was the max annual Roth IRA contribution back then.) Two years later we put another $4000 in FSELX.
    Now it's worth $30,330. Fidelity calculates the total gain at 405%.
    That's certainly been helped by 60% this year.
    Meanwhile, I put my $2000 in Home Finance, which went in the tank in 2008.
    So that's been dumped.
    But I did buy a bunch of FSELX in my Fidelity 403b a few years ago (now my Rollover IRA).
    It tilts our portfolio to "aggressive", for sure. We balance it with some dividend-paying stocks and S&P 500 funds and ETFs.
    I feel more lucky than smart about it all.
    David
  • The 2009 Effect
    edited after consulting the legacy M* graph interface ---
    good patience --- $10k held since midsummer '79 has grown to $589k, woohoo
    (triple that for FCNTX)